Business Law: Sources, Government Role, Impacts, and Solutions

Business Law
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Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Different sources of law used in English legal system................................................................3
Role of government in law making as well as effectiveness of the legal system........................4
TASK 2............................................................................................................................................5
Different types of businesses, their critical analysis and their formation....................................5
Impacts of employment, company and contract law on business................................................6
Ways of managing and funding of business organization...........................................................6
TASK 3............................................................................................................................................7
Legal solutions for solving range of disputes and sources of getting legal advice and support. .7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9
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INTRODUCTION
Business law refers the body of law which governs businesses and considered as a branch
of civil law whose responsibility is to deal private as well as public law (Miller, 2016). This
study is going to show importance of partnership and different other types of businesses in order
to make final decision about selecting the type. It will also discuss different ways of funding and
managing for different types of businesses.
TASK 1
Different sources of law used in English legal system
In the context of English law, it can be said that it refers the common law of England and
Wales that mainly focuses on criminal and civil law. UK is being divided into 3 jurisdiction such
as Scotland, Northern Ireland and England and Wales. Each legal system or branch has its own
processes, judges as well as courts. Laws plays an important role because it helps people in
governing their behaviour within a civilized society. These legal laws may be changed by human
interventions. Sources are law can be defined the origin of laws or rules which need to be
followed by state in order to govern their territory. There are mainly 2 sources of law which is
defined as primary and secondary (Thomas and McGourlay, 2017).
Some laws of primary sources includes:
1. Legislation: It consists of statues or Parliaments acts, statutory instruments etc.
2. Case law: It consists of decisions which are being made by the higher courts which are being
followed by other less senior courts. In this context it can also be said that it is called national
sources
Laws of secondary sources includes:
1. Textbooks as well as commentaries that are being written by legal writers
2. Opinions which legal experts make
3. Final decisions which courts make of other jurisdiction
All are being treated as persuasive and taken into account by the court while making out a
decision.
Equity: It is considered as the main source of law peculiar mainly to England and Wales that is
the main jurisdiction of the UK. It is a type of case law that prevails over common law. Some
achievements of this case law includes: charities, laws etc.
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